Industrial production in India grew 3.1% year-on-year in September 2024, exceeding expectations of a 2.5% growth and rebounding from a 0.1% contraction in the previous month. Output grew 3.9% for manufacturing, with the biggest upward contributions coming from a rise in the manufacture of coke and refined petroleum products (+5.3%), basic metals (+2.5%), chemicals and chemical products (+4.9%) and food products (+4.4%). Moreover, output grew for electricity and mining by 0.5% and 0.2% respectively. Considering the April-September period, industrial output increased 4%. source: Ministry of Statistics and Programme Implementation (MOSPI)

Industrial Production in India increased 3.10 percent in September of 2024 over the same month in the previous year. Industrial Production in India averaged 6.00 percent from 1994 until 2024, reaching an all time high of 133.50 percent in April of 2021 and a record low of -57.30 percent in April of 2020. This page provides - India Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.

Industrial Production in India increased 3.10 percent in September of 2024 over the same month in the previous year. Industrial Production in India is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Industrial Production is projected to trend around 4.00 percent in 2025 and 4.30 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-11 12:00 PM
Industrial Production YoY
Aug -0.1% 4.7% 4.4%
2024-11-12 10:30 AM
Industrial Production YoY
Sep 3.1% -0.1% 2.5% 2.0%
2024-12-12 10:30 AM
Industrial Production YoY
Oct


Related Last Previous Unit Reference
Changes in Inventories 477.12 544.48 INR Billion Jun 2024
Industrial Production YoY 3.10 -0.10 percent Sep 2024
Industrial Production Mom 0.69 -2.48 percent Sep 2024
Manufacturing Production YoY 3.90 1.00 percent Sep 2024
Mining Production 0.20 -4.30 percent Sep 2024

India Industrial Production
In India, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 78 percent of total production. The biggest segments within Manufacturing are: basic metals (13 percent of total production); coke and refined petroleum products (12 percent); chemicals and chemical products (8 percent); food products (5 percent); pharmaceuticals, medicinal chemical and botanical products (5 percent); motor vehicles, trailers and semi-trailers (5 percent); machinery and equipment n.e.c. (5 percent); other non-metallic mineral products (4 percent); and textiles, electrical equipment and fabricated metal products (3 percent each). Mining accounts for 14 percent of total output; and electricity accounts for 8 percent.
Actual Previous Highest Lowest Dates Unit Frequency
3.10 -0.10 133.50 -57.30 1994 - 2024 percent Monthly
2011-2012=100, NSA


News Stream
India Industrial Production Rebounds in September
Industrial production in India grew 3.1% year-on-year in September 2024, exceeding expectations of a 2.5% growth and rebounding from a 0.1% contraction in the previous month. Output grew 3.9% for manufacturing, with the biggest upward contributions coming from a rise in the manufacture of coke and refined petroleum products (+5.3%), basic metals (+2.5%), chemicals and chemical products (+4.9%) and food products (+4.4%). Moreover, output grew for electricity and mining by 0.5% and 0.2% respectively. Considering the April-September period, industrial output increased 4%.
2024-11-12
India Industrial Production Falls for 1st Time in About 2 Years
Industrial production in India edged down 0.1% year-on-year in August 2024, the first decline since October 2022, following a downwardly revised 4.7% rise in July. The mining sector shrank 4.3%, likely due to heavy rainfall in the month and electricity contracted 3.7%. In contract, manufacturing rose 1%, with the biggest upward contributors coming from manufacture of basic metals (3%), manufacture of electrical equipment (17.7%), and manufacture of chemicals and chemical products (2.7%). Considering the April-August period, industrial output increased 4.2%.
2024-10-11
India Industrial Production Growth Rate Slightly Above Expectations
Industrial output in India rose by 4.8% on an annual basis in July 2024, slightly above market expectations of 4.7%, following a 4.2% growth in the previous month. Manufacturing output which accounts for nearly 78% of total industrial production, expanded by 4.6% with notable growth for electrical equipment (+28.3%), fabricated metal products, except machinery & equipment (+11%) and other transport equipment (+25.5%). Moreover, Output for electricity and mining increased by 7.9% and 3.7% respectively.
2024-09-12